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I Have A Doubt Regarding Place Of Expiry And LC Availability

Posted: Fri Dec 18, 2015 7:08 pm
by Ramesh123
L/c palce of expiry-china

advising bank- china

Field 41a, availability-any bank in hong kong

Beneficiary from hong kong

i have a doubt Regarding place of expiry and Lc availability....is this ok if PLACE OF EXPIRY AND LC AVAILABLE ARE DIFFRENT..?

can any explain how it works , is it workable for beneficary

and what are risks arises for beneficiary to make presenation

IMHO

Posted: Sun Dec 20, 2015 11:56 pm
by picant
Hi Pal,

i have a note that in your case documents must be presented in China (Hong Kong is China too) within the expiry date but will be honoured if the reach Hong Kong, being the risk of loss to the presenter.
It is similar to the sentence "credit expiry in China for documents presentation only"
Other comments appreciated
Ciao